XTX Topco Ltd Takes $1.93 Million Position in Clean Harbors, Inc. (NYSE:CLH)

XTX Topco Ltd acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,793 shares of the business services provider's stock, valued at approximately $1,930,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Clean Harbors by 8.1% during the 4th quarter. LPL Financial LLC now owns 59,639 shares of the business services provider's stock valued at $13,725,000 after acquiring an additional 4,483 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Clean Harbors by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider's stock valued at $44,697,000 after purchasing an additional 6,313 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Clean Harbors by 25.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock valued at $71,000 after purchasing an additional 62 shares in the last quarter. Schroder Investment Management Group lifted its position in Clean Harbors by 11.1% during the fourth quarter. Schroder Investment Management Group now owns 42,216 shares of the business services provider's stock valued at $9,716,000 after purchasing an additional 4,227 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Clean Harbors by 8.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,617 shares of the business services provider's stock worth $832,000 after buying an additional 278 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 0.7%

Clean Harbors stock traded down $1.66 during mid-day trading on Friday, hitting $234.15. The company's stock had a trading volume of 503,299 shares, compared to its average volume of 379,799. The stock's fifty day moving average is $229.36 and its two-hundred day moving average is $220.12. The company has a current ratio of 2.45, a quick ratio of 1.98 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter last year, the company posted $2.46 EPS. The firm's quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity

In other news, Director Alison A. Quirk sold 893 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the transaction, the director owned 2,978 shares in the company, valued at approximately $666,148.82. This represents a 23.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the sale, the chief executive officer owned 51,619 shares of the company's stock, valued at $11,626,147.37. This represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock worth $3,416,406 over the last three months. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of recent research reports. Raymond James Financial lifted their target price on Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a report on Thursday. Truist Financial dropped their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Oppenheimer raised their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Robert W. Baird upped their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $263.40.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.